Arya.ag, India's leading grain commerce platform, showcased strong financial performance for the fiscal year 2023-24 despite facing challenges. The company reported a significant 106 percent increase in gross revenue, reaching Rs 4,150 crores. Net revenue also saw a healthy 20 percent growth to Rs 360 crores.
Profitability remained a key highlight, with a 36 percent year-on-year increase in profit before tax, reaching Rs 17 crores. This translates to a net margin of 4.7 percent.
The company credits its success to a robust business model designed to manage risks, ensure profitability, and empower stakeholders within the agricultural ecosystem. Notably, Arya.ag's focus on capital efficiency through co-lending and partnerships led to a five-fold increase over the last year.
The platform facilitated the movement of a staggering Rs 22,796 crore worth of commodities throughout FY24. Additionally, Arya.ag disbursed a total of Rs 12,895 crore with nearly zero NPAs and enabled commerce worth Rs 4,523 crores.
Prasanna Rao, Co-Founder and CEO of Arya.ag, emphasized the company's commitment to "strengthening margins and profitability while significantly contributing to customer value." Their plans include expanding geographically, particularly in areas vulnerable to climate change, to promote resilience and adaptation.
In the coming financial year, Arya.ag will strengthen the linkage of farmers and markets using technology, further its satellite monitoring capabilities, and empower farmers to make informed decisions. Given the climate-induced stress in agriculture, the company strives to work with farmers, FPOs and 'climate champions' to build trust, optimise resource allocation, and minimise adverse environmental impacts.Arya.ag will also continue to develop its blockchain offerings, AI, and deep tech capabilities to enhance visibility, transparency, and assurance across the agri-value chain.